For Lease · Retail

626 KING STREET E, Cambridge

626 KING STREET E, Cambridge, ON N3H3N6

Price on request

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

88%

About this property

Prime commercial leasing opportunity in a high-visibility location along busy King Street East Cambridge's vibrant Preston core. This versatilespace features full-height glass storefront display windows and a bright, tiled entrance foyer, providing brand exposure along a busy pedestrianand vehicular corridor. The main floor offers a spacious open-concept showroom complete with modern vinyl plank flooring, track and ceilinglighting, and a functional rear studio/workstation area equipped with shelving and custom workbenches. Flexible C1RM2 zoning permits a widespectrum of commercial uses including retail stores, professional offices, personal service shops, medical/wellness clinics, and art/craft studios.In addition to the main floor layout, this unit includes over 650 square feet of additional space in the basement, ideal for inventory, back-of-house operations, or secure storage. Conveniently located near public transit, municipal parking options, and quick access to Highway 401. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

140,581

Households

50,994

Median income

$126,500

Median age

34.6

Daytime population

123,208

5-yr growth

4.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 626 KING STREET E, Cambridge.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.